Square Enix's Former CEO Yoichi Wada's New Role Explained

Recently, citing poor sales number, Square Enix's now former CEO Yoichi Wada stepped down from his position, but he hasn't left the company. Square Enix has offered an explanation of Wada's new role.

In a statement offered to Joystiq, Sqaure Enix explained why Wada showed up as a "chairman" on recent company forms.

"Yoichi Wada has left the management of Square Enix Holdings Co., Ltd and no longer has any role in the parent company. Currently, he is overseeing a portion of the business within Square Enix Co., Ltd (Square Enix Tokyo), one of the subsidiaries of the parent company. These businesses include emerging markets as well as social and mobile businesses."

Wada's new official title is Chairman for Square Enix Tokyo. According to Sqaure Enix, "He has no authority in terms of the management of the Group."

Alright. Here is my advice, Square Enix. Make a Final Fantasy game for 3DS/Vita. I hear that the Vita is getting a Final Fantasy game. That's great. Let's ignore the stupid mobile games, okay? Your fans have been screaming for a proper TWEWY sequel. Stop teasing us with cameos of the TWEWY gang in your games like Kingdom Hearts Dream Drop Distance. When I saw Neku in that game, I was happy AND angry at the same time. You guys put out an amazing game called Tomb Raider. You should turn that into a legit franchise. This time... PLEASE FOCUS ON THE STORY alot more. You got Kingdom Hearts 3 and Final Fantasy XV in the works, eh? KH3 and FF XV prolly won't come to 2014 or later... Well... Take your time with them and make sure they don't suck. ALSO... it wouldn't hurt to give your fans some one on one time. Like get in front of a camera and say: "Hey, we are working on a TWEWY sequel and every copy of the game comes with some cool concept art." That's just some of the things I would do if I ran Square Enix.

Edit: Also RELAX. Lower your extremly high expectations for games you make. Be HUMBLE about sales, alright? Oh and one more thing... Look at Atlus and Namco Bandai. Look at the way they operate business. Take some notes.

How about stop making production budgets for games that are too high for games that won't get there money back in sales or games that cost little money but really over do it in micro payments. Tomb Raider was a good game that sold but due to its pie in the sky promise to investors it failed. Square Enix is still a great company but it must correct those mistakes in the future.

All their games that were said to have low sales were also some of the most critically acclaimed of all of those IPs. Sales lacked, but quality did not. That is just a sign that people, the millions you hope will buy your product, don't want those IPs. They want other things, like KH3 and FF XV.. maybe a FF VII or FFVIII hd remake.

All I know is that I'm just now finishing up Tomb Raider I think I'm on the last stretch of the game, and I must say that this game is amazing. It feels good to be back in the shoes of Laura Croft, and to see her grow through the game is pretty neat. I really hope that they make another Tomb Raider down the road for next gen consoles. I don't see how they think they didn't do well with sells because from what I've heard it sold well. Anyways I know that I enjoy the game and hope to see another one.